A renowned cryptocurrency strategist, known as Inmortal, has recently asserted that Ethereum (ETH) has embarked on a bullish course following a prolonged period of value consolidation. The expert also reviewed the trending patterns of several other digital currencies like Bitcoin (BTC), Solana (SOL), Avalanche (AVAX), and Beam (BEAM).
Ethereum Breakout and Altcoin Predictions
Inmortal conveyed to his followers that Ethereum has overcome its previous stagnant trading zone, having tested lows under $2,000 multiple times in the past months. He announced that this marks the beginning of a significant upward trajectory for the leading altcoin. With Ethereum setting the bullish tone, Inmortal also predicted similar movements for Solana and Avalanche, indicating that these Ethereum competitors could see their values escalate in tandem. If Solana’s value increases, Inmortal believes Avalanche is likely to experience a parallel rise.
Optimism for Beam and Bitcoin’s Prospects
The strategist shared his positive outlook on Beam, an open-source blockchain platform tailored for gaming, revealing that his investment in the asset had been fruitful. Beam’s current trend seems optimistic as it rebounds from its lower trading limit. In contrast, Inmortal offered a cautious perspective on Bitcoin, suggesting that a considerable surge in its value awaits the entry of retail investors into the market. While Bitcoin remains stable around the $50,000 mark without notable new market entrants, the strategist anticipates a potential repetition of the 2021 influx of investors, which could propel Bitcoin to new heights.